IA’s Global Emerging Markets Bonds sector divided into three new sectors
Wednesday 8 January 2020
The IA’s Global Emerging Markets Bonds sector has been divided into three new sectors, with the change effective as of 1st January 2020. The existing 69 funds can now been found in one of the sectors below:
- Global Emerging Markets Bonds – Hard Currency (29 funds)
- Global Emerging Markets Bonds – Local Currency (26 funds)
- Global Emerging Markets Bonds – Blended (14 funds)
The decision to divide the sector was taken in consultation with IA members, with the aim of better classifying the funds based on the use of hard or local currencies.
Jonathan Lipkin, Director for Policy, Strategy & Research at the Investment Association, said:
“We are continually monitoring the fund market to ensure that all of the IA sectors reflect the wide range of products the investment management industry has to offer UK savers. The division of the Global Emerging Markets Bonds sector will make it easier for savers and their advisers to find information and make like-for-like comparisons.”
Notes to Editors:
New sector definitions
Global Emerging Markets Bonds – Hard Currency
- Funds which invest at least 80% of their assets in emerging market bond issuers (country or corporate) as defined by a recognised Global Emerging Markets Bond index and denominated in a hard currency (or hedged back to a hard currency). Funds must be diversified without a country or regional focus.
- Additional note: Hard currency includes the following currencies: AUD, CAD, CHF, DKK, EUR, GBP, JPY, NOK, SEK, USD
Global Emerging Markets Bonds – Local currency
- Funds which invest at least 80% of their assets in emerging market bond issuers (country or corporate) as defined by a recognised Global Emerging Markets Bond index and denominated in local currencies. Funds must be diversified without a country or regional focus.
Global Emerging Markets Bonds – Blended
- Funds which invest at least 80% of their assets in emerging market bond issuers (country or corporate) as defined by a recognised Global Emerging Markets Bond index. Funds in this sector may have a hard or local currency bias at different points in time. Funds must be diversified without a country or regional focus.
For further information, please contact:
Katie Martin, Head of Communications: [email protected]
T: +44 (0)20 7269 4655
Helen Ayres, Communications Manager: [email protected]
T: +44 (0)20 7269 4620
David Parton, Communications Executive: [email protected]
T: +44 (0)20 7269 4625
IA press office: [email protected]
T: 020 7269 4696
About the Investment Association (IA):
- The IA champions UK asset management, supporting British savers, investors and businesses. Our 250 members manage £7.7 trillion of assets and the asset management industry supports 115,000 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
